Introducing Government Contracts to Technology Forecasting

Authors

  • Nikita Sergeyevich Nikitinsky
  • Dmitry Alexeyevich Ustalov
  • Sergey Alexandrovich Shashev

Abstract

Nowadays, technology forecasting has become a multidisciplinary field employing various methods for detecting patterns in data sources in order to forecast trends and future state of different technologies. Technology forecasting is widely used by decision-makers for evaluating grant and contract proposals. Although there are some production-grade systems for technology forecasting for English, Russian patent databases and citation indexes are isolated from the global ones. This makes technology forecasting in Russia more complicate. In this research, we introduce government contracts as new possible parameter for technology forecasting. We think that government contracts indicate government's interest in certain area of research or technology and thus may influence technology trends. We analyzed Russian government contracts; however, we consider this parameter suitable for technology forecasting systems in other languages as most of fundamental research conducted in most countries is sponsored by government. We study government contracts utilizing an information retrieval system pipeline exploiting latent semantic analysis and word2vec.

Keywords: Technology Forecasting, Information Retrieval, Government Contract, Trend Analysis

JEL Classifications: I38, O30

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Published

2015-12-25

How to Cite

Nikitinsky, N. S., Ustalov, D. A., & Shashev, S. A. (2015). Introducing Government Contracts to Technology Forecasting. International Journal of Economics and Financial Issues, 5(3S), 300–307. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1735